XE Market Analysis: Asia – Nov 08, 2017

Posted November 9, 2017

FX trade was relatively quiet in N.Y. on Wednesday, leaving the dollar just marginally firmer overall. There was no U.S. data to drive prices, and for the most part, traders were happy to remain in consolidation mode. EUR-USD topped at 1.1604, before slipping to 1.1580 lows, while USD-JPY rallied over 113.80 from 113.40 at the open. USD-CAD was lifted by a pullback in oil prices, peaking at 1.2746, as Cable bottomed at 1.3087 before reclaiming the 1.31 handle into the close.[EUR, USD]